Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1887-09-05
MITKIEWICZ'S BONANZA.
He SEEMS TO HAVE GOT A VERY
SOFT THING IN CHINA,

SOFT THING IN CHINA,
Which Syndicate of American Financiers
win Assist in Saving for All 1t Is Worth
Thereby Circumventing Designing Brit
ons, and Opening All Sins Dominions
to American Enterprise.
CHICAGO, Sept 5-The ambassadors of a
financial syndicate, before which the gas
trust, the Philadelphia monopolists. and the
Standard Oil company hide their diminished
heads, honored Chicago with a brief visit
Saturday. The delegation consisted of Count
Eugene de Mitkiewicz who is in charge of
the embassy, and representatives of the Flow
cry kingdom, clothed with full power from
the emperor to make compacts which will
bind the kingdom to a scheme which, in its
wide range and general application, rivals
almost the tails of Munchausen. The chief
representative of the emperor is Ma Kie
Chung, and with him are All 81 and All TZu,
two other members of the royal household
The scheme which these gentlemen are
about to carry into effect involves the estab-
lishment of a bank at Shanghai, with
branches IN all the principal cities of the
kingdom, which will have full control prac-
tically of the entire kingdom of China. Ac-
cording to the charter, which has already
been issued, the bank which is to be known
as the Chinese American National bank, is to
have full power TO coin money, being placed
in absolute charge of the Chinese mints; to
issue paper currency; to build all railroads
in the kingdom; open and work all mines,
Il all IL
light plants, and telegraphs that NAV
be deemed necessary, for a term of
fifty years. The bank is chartered with a
capital of slG0, 600 900 taels (sl46, OO0 900
American money!, of which the Chinese gov
nmeut has already subscribed one-half and
the balance will be taken in Philadelphia,
New York and Washington. The represent
alive of the Chinese government in this gi-
gautic enterprise is Ii On Chang, the prime
minister of China, the prince and father of
the emperor; and the American head of the
institution is Mr. Wharton Barker, of the
well known banking house of Barker Bros,
of Philadelphia
The count de Mitkiewicz who has been in
China for the past two years as the agent of
the American syndicate, was quite enthusi-
astic over the success of his mission. He said
he had secured the unqualified approval of
the emperor to the scheme and succeeded in
| making the Chinese government a half owner
| in the entire enterprise, which would ef-
| feCtually cut out the English, French, and
German capitalists who had been intriguing
| for the same objects for at least twenty years
| Ma kie Chung, who heads the present dele
| CATION, will call meeting of the American
capitalists Immediately on his arrival in
| Washington, and through Count Mitkiewicz
| will present the plans for the forma-
| ton of this monopolistic governmental
| syndicate So far as can lie learned
all arrangements have been made with
| railroad, mining, telephone, and Geographic
| experts. and as soon as the official papers are
presented to the American stockholders the
necessary capital will he forthcoming, and the
| syndicate viii at once elect officers and pro
| coed to work According to the views of
| the Chinese representatives this great Corpor-
| alton will prove the means of opening up the
entire domain and resources of China to the
| Americans, something for which England
has been scheming and threatening for half
a century. The count said he had grown
| tired of mere promises from the Chinese au-
| thoritles, and this time he determined to
| commit the kingdom bv official documents
| carried by official ambassadors, and this he
has succeeded in doing to the satisfaction Of
all parties concerned.
| WASHINGTON CITY. Sept 5.-The state de,
| partment has received information from
| 1Ientsin, China, respecting the concessions
recently made by the Chinese government to
certain Americans. The report states that
| Viceroy Ii Hung Chang has signed a decree
| granting to Wharton Barker of Philadelphia,
and Count Eugene de Mitkiewicz the sole and
exclusive right to construct and operate tee-
graph lines at the treaty points of China for
period of fifty years. 1t was at first pro
posed TO include the interior cities also in the
grant. but this was refused on account of the
opposition of the director of the Chi
nese telegraph 1t is understood how.
| ever, that proposition to unite the two
companies has been made and has received
the sanction OF the vcerov The concession,
the reports say. Is considered of great value
Count M'kiewicz also has charter for a
| Chinese national bank. which has received
the sanction of the viceroy. and will he sub
united to the Philadelphia syndicate for ap
prevail Mitkiewicz has with him on his trip
to this country a Chinese embassy. which has
full powers to ratify any agreement or charter
4 negotiated, Their mission il regarded as OF
the greatest Importance.